Sterling College

Analysis

Sterling College is a registered charity in United States, based in Craftsbury CM, VT. It received its IRS tax-exemption ruling in April 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sterling College reported income of $9.1m and spending of $8.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.4m to $9.1m (-12%), an average of -3.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sterling College sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VT. Charities of a similar size with the same main cause include Memphis Academy of Science and Engineering ($9.1m), General Alumni Assoc ($9.1m) and Gulf Coast Charter Academy South Inc ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $118k (1.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $8.2m against liabilities of $2.2m, net assets of $6.0m. It reported 114 employees.